Insights from the Market Desk by FenzoFx.com

[FxNews]

GBP/JPY: Thin Price Action Above 200.10




FenzoFx—GBP/JPY started the week declining toward the bullish fair value gap, with support at 199.14. The overall trend remains bullish, suggesting price is consolidating or moving to a discount level.

Equal lows at 197.80 may attract price. On the 4-hour chart, the pair left a large fair value gap with a mean threshold at 200.10. Technically, GBP/JPY may aim to fill the bearish FVG, as price action remains thin above 200.10.

[FxNews]

Ethereum Tests Key Support at $4,535




FenzoFx—Ethereum’s downtrend eased after hitting the bullish breaker at $4,425.00. It currently trades near $4,540.00, down 1.00% today. Immediate support lies at $4,535.00. A close below this level could extend the decline toward the equal lows at $4,425.00 and possibly $4,240.00.

The bearish outlook remains unless Ethereum exceeds $4,700.00 and closes above the bearish fair value gap.

[FxNews]

Crude Oil: Bearish FVG in Play Amid Consolidation




FenzoFx—Crude Oil is trading at $64.18, slightly below the bearish fair value gap. The sweep of yesterday’s lows suggests potential for a test of higher resistance. Immediate support is at $63.80. If this level holds, Oil may fill the bearish FVG and test resistance at $65.00. A break above could extend gains toward $66.50.

However, if price declines and stabilizes below $63.80, the bullish outlook is invalidated. In that case, the downtrend may resume, targeting the equal lows at $62.20.

[FxNews]

Litecoin: Support at $112.10 Key to Continuation




FenzoFx—Litecoin continues its bullish structure, trading around $116.4 after forming a double bottom below $113.00. This move led to a close above the bearish order block at $117.00, reinforcing bullish sentiment. Immediate support is at $112.10. If this level holds, LTC/USD may resume its uptrend, targeting the equal highs at $123.40.


However, if price declines and stabilizes below $112.10, the bullish outlook will be invalidated. In that case, Litecoin could consolidate toward the next support at $106.80.

[FxNews]

Solana: Daily Inside Candle Signals Next




FenzoFx—Solana is in a bull market and made a new high at $250.0. As of this writing, the cryptocurrency trades above the mean threshold of the bullish fair value gap at $234.0. Yesterday, the daily chart made an inside candle, meaning a new bullish/bearish wave is on the way. This consolidation could lead to a significant drop or a break of the highs.


The immediate support rests at $229.1. The bullish outlook remains valid as long as the price is above this level. In this scenario, we expect SOL/USD to target 50.0% of the wick at $246.5. Please note that the bullish outlook should be invalidated if the price dips below $229.1.

[FxNews]

Ripple Pauses After Hitting $3.158




FenzoFx—Ripple (XRP) is trading bullish but paused after reaching $3.158. It now trades around $3.037, above the inverted fair value gap. On the 4-hour chart, equal lows at $2.934 may form a liquidity pool. Current bearish momentum respects both a valid 'bearish' order block and the 'bearish' fair value gap.

If price closes below $2.965, the downtrend may resume toward $2.934 and possibly extend to $2.837 if selling pressure increases. Conversely, a close above $3.077 could reignite the uptrend, targeting $3.158 and $3.271.

[FxNews]

Bitcoin Cash Holds Bullish Structure




FenzoFx—Bitcoin Cash is consolidating near $592.00 after sweeping liquidity above $607.60. Price is declining toward a bullish fair value gap, with support at $507.00 still holding the bullish outlook intact.

Immediate resistance is at $600.5. A close above this level could extend the bullish rally toward $626.00. The inverted FVG left after crossing $507.00 reinforces the bias.

Note: The bullish scenario should be invalidated if price flips below $570.00.

[FxNews]

Bitcoin: Bullish Bias Strengthens




FenzoFx—Bitcoin remains bullish, targeting recent highs at $117,416.00. Currently, BTC is consolidating near $115,000.00, aligning with a bullish fair value gap and support at $114,464.00. Today’s liquidity sweep below the FVG’s mean threshold reinforces the bullish bias.

Immediate resistance stands at $115,652.00. A break above this level may resume the uptrend toward $117,416.00. However, if price drops below $114,464.00, the bullish outlook should be reconsidered.

[FxNews]

XRP Forms Head and Shoulders at Premium




FenzoFx—Ripple (XRP) displaced above $2.900, confirming a bullish trend. It now trades around $2.978, filling a bearish fair value gap and forming a head and shoulders pattern. On the 4-hour chart, equal lows at $2.934 and a liquidity void at $2.912 suggest a potential downside move.


Please note that $2.912 remains in the premium zone, however, it could trigger a bullish wave targeting $3.037. A break below $2.912 may extend the decline toward the fair value gap at $2.837. Traders should monitor these levels closely for bullish setups.

[FxNews]

Ethereum Accumulation and Bullish Setup




FenzoFx—Ethereum is currently trading sideways, indicating an accumulation phase. On Monday, price swept equal lows and formed a long-wick bullish candlestick. The 4-hour chart shows two engulfing candles that cleared liquidity on both sides.

Technically, the market remains bullish and is consolidating. If momentum continues, ETH/USD may target the equal highs near $4,500. A confirmed close above the immediate support at $4,384 would validate this bullish outlook.